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What will be the maturity value of P12,000 invested for four (4) years at 15 compounded quarterly?

What will be the maturity value of P12,000 invested for four (4) years at 15 compounded quarterly?

Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 18E
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1. What will be the maturity value of P12,000 invested for four (4) years at 15% compounded quarterly? 2. Determine the maturity value of P3,000 invested at 9.5% compounded semiannually for 3 % years. 3. What amount must be invested now in savings account earnings 96 compounded quarterly to accumulate a total of P21,000 after 4 % years? 4. Millet vtants to provide a P200,000 graduation gift for her daughter Mae who is now 16 years old. She would like the fund to be available by the time her daughter is 20. She decides on an investment that pays 10% compounded quarterly. How large must the deposit be? 5. Ms. Cruz can buy a piece of property for P6,500,000 cash or P4,000,000 down payment and P4,200,000 in five (5) years. If she has money earning 8% converted quarterty, which is a better purchased plan and by how much?
Transcribed Image Text:1. What will be the maturity value of P12,000 invested for four (4) years at 15% compounded quarterly? 2. Determine the maturity value of P3,000 invested at 9.5% compounded semiannually for 3 % years. 3. What amount must be invested now in savings account earnings 96 compounded quarterly to accumulate a total of P21,000 after 4 % years? 4. Millet vtants to provide a P200,000 graduation gift for her daughter Mae who is now 16 years old. She would like the fund to be available by the time her daughter is 20. She decides on an investment that pays 10% compounded quarterly. How large must the deposit be? 5. Ms. Cruz can buy a piece of property for P6,500,000 cash or P4,000,000 down payment and P4,200,000 in five (5) years. If she has money earning 8% converted quarterty, which is a better purchased plan and by how much?
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